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Over VND96 trillion of G-bonds mobilised The State Treasury of Viet Nam has raised a total of VND96.251 trillion (US$4.13 billion) via auctions of Government bonds at the Ha Noi Stock Exchange (HNX) since the beginning of the year. At an auction this week, the State Treasury mobilised VND3.95 trillion from five-year and seven-year bonds worth VND500 billion each and 10-year bonds and 15-year bonds worth VND2 trillion each. The interest rate of bonds increased slightly. Bonds with 10-year maturity raised VND1.55 trillion with an annual interest rate of 4.53 per cent, up 0.03 percentage points from the previous auction on August 1. A sub-session auction of 10-year bonds drew VND600 billion with the yearly interest rate of 4.53 percent. Those with a 15-year term attracted VND1.2 trillion with an annual interest rate of 4.81 per cent, up 0.03 percentage points in comparison with the rate of the previous auction on July 25, 2018. As much as VND600 million was mobilised … [Read more...] about BUSINESS NEWS IN BRIEF 15/8

Salt intrusion threatens livelihoods in Ca Mau
Severe salt intrusion has resulted in significant damage to the agricultural production of residents living along the coastal dyke system in the Mekong Delta province of Ca Mau.
Locals complained the salty grounds are prevents shrimp farming and causing rice paddies to return low yields.
A degraded 100-kilometre dyke, which has needed proper repairs for many years, lies at the root of the issue. In rainy seasons, the dyke is no long able to block waves breaking into cultivation areas.
Tran Van Dau, a local resident, said beside a new concrete dyke, a protection forest ought to be planted to secure cultivation areas.
According to Du Be Ba, Vice Chairman of the People’s Committee in Tran Van Thoi district, to handle the issue and prevent people from abandoning salty land, local authorities are mapping out farming areas in the locality. For instance, high-salinity areas and the salt water itself can be utilised to raise brackish plants … [Read more...] about Social News 14/8

Rural areas aim to reduce development pollution
Big changes have been recorded in socio-economic development in the Vietnamese countryside. One of the leading factors for change is the rapid modernisation of the country’s primary industry - and the rural areas themselves.
The appearance of many industrial zones in the countryside have provided jobs for many rural people, helped them increase their incomes and improved the quality of their livelihood. However, in this process, certain negative impacts have arisen, particularly environmental deterioration.
In its efforts to minimise the negative impacts of environmental pollution, the Ministry of Natural Resources and Environment (MONRE) has launched a week entitled “Waste management for sustainable rural environment from September 23-30”. The campaign is a response to the international campaign to make the world cleaner.
According to Associate Professor Doctor Pham Cong Nhat, from Hanoi National University, a key cause … [Read more...] about Social News 10/9

The first U.S. Travel Forum held in Hanoi
On May 22, 2015, the U.S. Embassy Hanoi – Consular Section hosted the first-ever U.S. Travel Forum for travel agencies, business groups, and student organizations at the Hanoi Melia Hotel. The event was organized as part of Mission Vietnam’s series of activities to celebrate the 20th anniversary of normalization of U.S.-Vietnam relations and was aimed to increase people-to-people connections between Vietnam and the United States.
The event promoted educational, tourism, and business travel to the United States, introduced Mission Vietnam’s Mail-In Visa Renewal Program, provided updated information on the visa application process, and highlighted Mission Vietnam’s fraud prevention efforts. Among the benefits of the expanded Mail-In Visa Renewal Program are: applicants whose prior visas expired no more than 48 months previously are now qualified to renew visas by mail and can, in most … [Read more...] about Social News 22/5

A global equity rally has hit the buffers this week as the US probe into Russia's alleged election meddling sows uncertainty, Britain struggles to reach a Brexit deal with the European Union and traders remain cautious about Washington's ability to push through tax cuts.A key drag for Asia on Wednesday was copper prices which sank more than four per cent in London, having already lost about 10 per cent over the previous week. Analysts blamed a pick-up in the dollar on hopes for US tax cuts.There are also worries about China's crackdown on borrowing-fuelled investing."The sentiment in China has turned less positive after the conclusion of the national party congress, as the deleveraging rhetoric has returned to the market, especially with regards to real estate speculation," TD Securities commodity strategist Ryan McKay told Bloomberg News."Worries of the deleveraging's impact on real estate and construction demand saw optimism for commodity demand reduced and prices retreat."Oil prices … [Read more...] about Asian markets tumble on sell-off in tech, energy firms